Kienda advertises his BMW car in a local newspaper. The price is stated as £15,000. He receives a telephone call from Roshi, who says, "I will give you £13,500 for the car." Kienda replies, "You can have it for £14,000". Roshi asks for time to think about it and Kienda agrees. The next day he receives a letter from Jyoti. The letter reads, "I enclose a cheque for £14,000 in payment for your BMW motor vehicle. If I don’t hear from you tomorrow, I will come to collect the car." Later that day he is visited by Hank, who offers to pay £14,500 in cash. Kienda accepts the offer. As Hank and Kienda are exchanging the money for the car keys and logbook, Roshi arrives and purports to accept Kienda’s offer to sell for £14,000, and Jyoti arrives, expecting to collect the car. a) Explain the rules relating to offer and acceptance in the formation of a contract. b) Advise Kienda of his legal position in contract.

The following account balances at the beginning of january were selected from the general ledger of fresh bagel manufacturing​ company: work in process inventory ​$0 raw materials inventory $ 29 comma 000 finished goods inventory $ 40 comma 900 additional​ data: 1. actual manufacturing overhead for january amounted to $ 62 comma 600. 2. total direct labor cost for january was $ 63 comma 600. 3. the predetermined manufacturing overhead rate is based on direct labor cost. the budget for the year called for $ 255 comma 000 of direct labor cost and $ 382 comma 500 of manufacturing overhead costs. 4. the only job unfinished on january 31 was job no.​ 151, for which total direct labor charges were $ 5 comma 700 ​(1 comma 000 direct labor​ hours) and total direct material charges were $ 14 comma 400. 5. cost of direct materials placed in production during january totaled $ 123 comma 300. there were no indirect material requisitions during january. 6. january 31 balance in raw materials inventory was $ 35 comma 200. 7. finished goods inventory balance on january 31 was $ 35 comma 400. what is the cost of goods manufactured for​ january